Walmart has announced that in early March 2023, store employees will make a minimum of $14.00 per hour which is an increase of $2.00 to the current minimum hourly rate. Please note that any employment verifications from Walmart should be thoroughly reviewed concerning any upcoming changes to hourly wages.
2025 COLA Update: Impact on Affordable Housing Compliance
The Social Security Administration (SSA) recently announced the Cost-of-Living Adjustment (COLA) for 2025 at 2.5%, the lowest adjustment since 2020 (1.3%). The average COLA increase over the past decade has been 2.6%. While this year’s adjustment is lower than 2024’s...